GAC Aion V Plus vs Chevrolet Equinox EV
Head-to-head comparison for the Canadian market. Which electric vehicle offers the best value in 2026?
GAC Aion V Plus
$45,000
CAD before incentives
600 km
Range
Chevrolet Equinox EV
$42,995
CAD
515 km
Range
Our Verdict
The GAC Aion V Plus saves you $-2,005 compared to the Chevrolet Equinox EV while offering 85 km more range. In Quebec, after $2,000 in provincial incentives (Chinese EVs not eligible for federal EVAP), the GAC Aion V Plus drops to just $43,000 — making it one of the best value EVs in Canada.
Who Should Buy the GAC Aion V Plus?
The GAC Aion V Plus is the better pick if maximizing value matters more than dealer coverage. At $45,000 CAD before incentives, it undercuts the Chevrolet Equinox EV by $-2,005 (-5%) and delivers 600 km of real-world range — enough to cover two weeks of average Canadian commuting between charges. You also get 85 km more range than the Chevrolet Equinox EV, which matters on longer Trans-Canada Highway trips.
Best for: urban drivers in Toronto, Montreal, Vancouver and Calgary who want the latest battery tech (LFP chemistry is widely used by Chinese OEMs, offering better safety and longer cycle life than older NMC packs), don't rely on a single dealer network, and are comfortable with a brand that is newer to the Canadian market but dominant globally.
Who Should Buy the Chevrolet Equinox EV?
The Chevrolet Equinox EV remains a strong choice if dealer access, service infrastructure, and resale value are top priorities. At $42,995 CAD, it costs more upfront, but it may qualify for up to $5,000 in federal EVAP rebates (depending on final certification), closing the gap to roughly $0.
Best for: buyers who value an established dealership footprint across all 10 provinces, easier access to OEM service and parts, and predictable Canadian warranty handling.
5-Year Ownership Costs (Canada)
Based on 20,000 km/year, $0.12/kWh average Canadian electricity rate, 4% annual insurance cost, and 1% annual maintenance — typical for a new EV kept for 5 years.
GAC Aion V Plus
- Purchase
- $45,000
- Electricity (5 yr)
- +$2,160
- Insurance (5 yr)
- +$9,000
- Maintenance (5 yr)
- +$2,250
- Total
- $58,410
Chevrolet Equinox EV
- Purchase
- $42,995
- Electricity (5 yr)
- +$2,160
- Insurance (5 yr)
- +$8,599
- Maintenance (5 yr)
- +$2,150
- Total
- $55,904
💡 Over 5 years, choosing the GAC Aion V Plus saves an estimated $-2,506 CAD versus the Chevrolet Equinox EV— that's enough to cover more than a full year of electricity, insurance and maintenance for most Canadian households.
What This Means for Canadian Buyers
The Canadian EV market is at a turning point in 2026. With the federal iZEV program renamed EVAP in February 2026, eligibility has tightened to vehicles manufactured in Canada or FTA partner countries with an MSRP under $50,000 — effectively excluding Chinese-made EVs from the $5,000 federal rebate. Quebec's Roulez vert program was also reduced from $7,000 to $2,000 in January 2026 and is scheduled to end December 31, 2026. BC, Nova Scotia and New Brunswick provincial programs have all ended.
Despite these headwinds, the GAC Aion V Plus remains attractive because its base price ($45,000) is already below the equivalent gas-powered compact segment once you factor in the 5-year fuel savings of around $$13,200versus a typical 8 L/100 km gasoline vehicle. The Chevrolet Equinox EV keeps its EVAP eligibility, shrinking the gap to the GAC Aion V Plus to roughly $0.
Range matters differently depending on where you live. In Ontario and Quebec, where winter temperatures drop to -20°C, both vehicles will lose approximately 25% of their rated range — the GAC Aion V Plus at 450 km and the Chevrolet Equinox EV at 386 km. Use our incentive calculator to model your province, or browse the Quebec charging guide and Ontario charging guide to plan around your local network.
Frequently Asked Questions
Is the GAC Aion V Plus better than the Chevrolet Equinox EV?
The GAC Aion V Plus is $-2,005 cheaper than the Chevrolet Equinox EV in Canada — a -5% lower price. It also offers 85 km more range. However, the Chevrolet Equinox EV has established dealer networks across Canada. The best choice depends on your priorities: value (GAC Aion V Plus) or brand familiarity (Chevrolet Equinox EV).
How much can I save with the GAC Aion V Plus vs Chevrolet Equinox EV?
You save $-2,005 CAD on the purchase price alone. Over 5 years including fuel and maintenance savings, the total savings could exceed $12,995 compared to a gas vehicle or $-2,005 compared to the Chevrolet Equinox EV.
When will the GAC Aion V Plus be available in Canada?
Chinese EV brands are expected to begin Canadian sales in late 2026. Sign up for notifications on China-EV.ca to be alerted when specific models become available at dealerships near you.
Does the Chevrolet Equinox EV qualify for the federal EVAP rebate?
Yes — the Chevrolet Equinox EV may qualify for up to $5,000 federal EVAP rebate if its MSRP is under $50,000 and it's manufactured in Canada or an FTA country. Check the current iVZEV/EVAP eligibility list for the latest confirmation.
What's the 5-year total cost of ownership for the GAC Aion V Plus?
Over 5 years and 100,000 km of driving in Canada, the GAC Aion V Plus costs approximately $58,410 CAD including purchase price ($45,000), electricity (~$2,160), insurance (~$9,000), and maintenance (~$2,250). That's $-2,506 less than the Chevrolet Equinox EV's $55,904 total.